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Taylor Thomas

realtor@taylorthomasrealty.com +1(317) 502-5098

Listed by Sarah Fishburn • F.C. Tucker Company

$ 1,000,000

Est. payment | -/mo

8,617 SqFt

Save

$ 1,000,000

Est. payment | -/mo

Save

8,617 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Pending

Purchase Type For Sale

Square Footage 8,617 sqft

Price per Sqft $116

MLS Listing ID 22088937

Year Built 1900

Tax Year 2024

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Multi-Family 5+

Property Description

Investor opportunity in the beautiful historic Woodruff Place! This 9-unit multifamily property is being offered for sale individually or as part of a rare portfolio opportunity that includes four additional nearby buildings, all in Woodruff. This allows investors the chance to acquire multiple assets within one of Indianapolis' most desirable historic neighborhoods. All units are currently leased, providing immediate income and stable cash flow. The property has seen several recent improvements, including new sewer, new boiler, new water heater, updates to bathrooms in 616, new interior paint in 4 units offering a mix of updated living spaces and value-add potential. Located just minutes from downtown Indianapolis, this property benefits from the charm, walkability, and strong rental demand that Woodruff Place is known for. Whether purchased individually or as part of the larger portfolio, this is a rare opportunity to invest in a historic neighborhood with consistent rental demand and long-term upside.

Location

State IN

County Marion

Zoning D5

Interior

Heating Hot Water

Cooling Window Unit(s)

Fireplace N

Exterior

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected

Building

Story Two

Architectural Style Other

Structure Type Wood Brick

New Construction false

Schools

High Schools Arsenal Technical High School

School District Indianapolis Public Schools

Nearby Locations

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Taylor Thomas

Broker-Owner | Lic# RB19001934

realtor@taylorthomasrealty.com

+1(317) 502-5098

9465 Counselors Row, Ste. 200, Indianapolis, IN, 46240

624 Woodruff Place Middle DR Indianapolis, IN 46201

Taylor Thomas

Key Details

Location

Interior

Exterior

Building

Schools

624 Woodruff Place Middle DR